MAHASKA COUNTY: 170 ACRES M/L


TRACT #1 LIST PRICE (50 acres m/l): $4,300/acre

TRACT #2 LIST PRICE (120 acres m/l): $3,500/acre

LISTING AGENTS:

Jeffrey T. Obrecht (515-689-1648)

Archie Kuntz (641-510-2109)

LISTING #20110

BROCHURE

AERIAL MAP - TRACT #1

AERIAL MAP - TRACT #2

PLAT MAP - TRACT #1

PLAT MAP - TRACT #2

SOILS MAP - TRACT #1

SOILS MAP - TRACT #2

TRACT 1

PRICE: $4,300/acre

DESCRIPTION: 50 acres m/l of Mahaska County land is currently offered for sale. This property consists of 50 acres m/l and has approximately 40 cropland acres, with the balance in a pond and roads. This property has a CSR2 of 49.9, with the county average CSR2 being 67.5.

DIRECTIONS: From Barnes City, Iowa, go south on County Blacktop V-18 to 133rd Street, then west on 133rd Street, a county rock road, 1.5 miles. The property is located in the SW corner of the intersection of Snyder Avenue and 133rd Street. Please watch for real estate signs.

LEGAL DESCRIPTION: NW1/4 SE1/4, Except the South 12.5 acres; NE1/4 SE1/4, Except the South 12.5 acres and Except an irregular tract in the SE corner of this tract, all in Section Nineteen (19), Township Seventy-seven (77) North, Range Fourteen (14), West of the 5th P.M., Mahaska County, Iowa. Please refer to abstract for exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 40 acres (Est)

Corn Base: 13.60 acres PLC Yield: 101 bu.

Oats Base: 1.5 acres PLC YIeld: 50 bu.

This farm is classified as Highly Erodible Land. This farm does not have a Wetland Determination at this time.

TRACT 2

PRICE: $3,500/acre

DESCRIPTION: 120 acres m/l of southeastern Mahaska County land is currently offered for sale. This property consists of 120 acres m/l and has approximately 70 cropland acres, with the balance in roads. This property has a CSR2 of 54.4, with the county average CSR2 being 67.5.

DIRECTIONS: From Oskaloosa, Iowa, go east on State Highway #92 to County Blacktop V-13, then north on V-13 to 213th Street, then east on 213th Street 1/4 mile. The property is located in the northeast corner of 210th Street and Victoria Avenue. Please watch for real estate signs.

LEGAL DESCRIPTION: Lot 7 NE1/4 SW1/4; Lot 5 West of the River; SE1/4 SW1/4 West of River; SW1/4 SW1/4, Except Parcel A; Part of Lots 1-2-3-4 of the NW1/4 SE1/4, West of the River; SW1/4 SE1/4 West of the River; all in Section Twenty-six (26), Township Seventy-six (76) North, Range Fourteen (14), West of the 5th P.M., Mahaska County, Iowa. Please refer to abstract and attached survey for the exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 70.78 acres

Corn Base: 44.28 acres PLC Yield: 102 bu.

This farm is classified as Highly Erodible Land. This farm does contain a Wetland or Farmed Wetland. There are presently 26.5 acres in CRP on the property bid in at $242.53/acre until 2026.

LISTING #20110 TERMS AND CONDITIONS

FARM LEASE: The subject properties are open for 2020. Present owner would rent the farm for 2020, but this rental is not mandatory.

SALE METHOD: Tract #1 will be sold as 50 acres m/l and Tract #2 will be sold as 120 acres m/l.

IMPROVEMENTS: Tract #1: The subject property has a pole building south of the acreage. The acreage is not part of the sale. The balance of the improvements are field drainage tile and perimeter fence. Tract #2: The subject property is unimproved except for field drainage tile and perimeter fence.

TAXES: Tract #1: $992/yr. Tract #2: $2,642/yr. Taxes will be prorated to date of closing.

MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.

EARNEST PAYMENT: A 10% earnest money payment is required with all offers. The earnest payment may be paid in the form of cash or check. All funds will be held in the named attorney’s trust account.

POSSESSION: Possession will be granted at closing, which will occur 30 days after acceptance of an offer by all parties.

CONTRACT AND TITLE: Immediately upon acceptance of an offer by all parties, buyer will deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Seller to pay all escrow closing costs.

CONTRACT AND TITLE: Immediately upon acceptance of an offer by all parties, buyer will deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Seller to pay all escrow closing costs.

CLOSING: Closing will occur after on whatever date is negotiated by buyer and seller. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.

SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs.

ATTORNEY: Watson & Cook

SELLER: Stout Land, LLC

This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As is—Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All potential buyers are urged perform their due diligence on the subject property prior to submitting an offer. All map boundaries are approximate, and photographs used may or may not depict the actual property. Total tract acres, tillable acres, FSA acres, etc. are approximate and may be subject to change.

Mid Iowa Real Estate, Auctions, & Appraisals and its representatives have an agency agreement with the seller or may have a consensual dual agency agreement with both buyer and seller.

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